I always recommend a warranty or policy, not just an inspection.

Families that are looking for a home that have small children may be turned off by a pool due to the safety risk, but your experience may vary in the Midwest.Best of luck.

You'd want to do some research on this and find out what the banks policies are.  

Since the seller kept the money and didn't make the repairs, they told me policy would exclude the roof and siding.  

Even if so, once you start NETTING less than 6% of its purchase price per year, there's not much safety margin - UNLESS you bought it for a genuine LARGE discount off its market value.

This is a great reminder about the importance of the life safety devices (CO and Smoke Detectors) in the property.

When I asked him if my house flooded he said no.I started doing research and found a news photo of the flooding.I bought flood insurance for the house...and will keep the policy up to date until the city fixes the issue (which I'm told is forthcoming).  

Having just turned 40, it's always been part of my plan and trying to determine how much is enough  and do I have enough of what I call a moat of safety to weather anything that could happen with the market as we know we're in for turbulence. 

=============================Title Insurance Company is irrevocably committed to issue to buyer an owners title insurance policy covering the property with standard coverage customary in the state where property is located showing liability in the amount of the purchase price and showing insurable title to the property vested in buyer, subject only to the following(a) Title Insurance company standard exceptions(b) Liens for all current general and special real property taxes and assessments not yet due and payable(c) liens of supplemental taxes, if any assessed(d) any facts an accurate survey and/or a personal inspection of the property may disclose(e) the mortgage/deed of trust/deed to secure debt lien in connection with any buyer financing(f) any laws, regulations, ordinances (including but not limited to, zoning, building and environmental ) as to the use, occupancy, subdivision or improvement of the property adopted or imposed by any governmental body, or the effect of any non-compliance with or any violation thereof, including but not limited to, any disclosure an/or report required by ordinance(g) rights of existing tenants and/or occupants of the property (if any)(h) covenants, restrictions, easements and other matters that do not materially impair the value of the property or the use thereof(i) non-monetary encumbrances disclosed to buyer in writing prior to entering into this agreement (j) any other matter for which the title insurance company agrees to provide insurance at no additional cost to buyer===========================================================

If you own the property contact your utility companies and ask about their landlord policies, usually what's done is the property's utilities are in the name of the landlord for general purposes, like shut off notices, or emergencies.They would provide you with forms so you fill out and submit to them for tenant, usually on line forms. they put the name of utilities in name of tenant. tenant is responsible for utility costs.